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Lennar-backed JV buys Irvine office campus for $232M - Orange County Business Journal
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Lennar-backed JV buys Irvine office campus for $232M - Orange County Business Journal
A Lennar-backed joint venture has acquired the former Von Karman Creative Campus for $232 million. TPG Angelo Gordon and Essential Housing Asset Management, affiliated with Lennar, purchased a 24-acre, nine-property portfolio totaling 433,000 square feet from IRA Capital LLC, according to CoStar. CoStar reported that the property was sold for “land value” with a proposed use for single-family development. The Von Karman Corporate Center, formerl…
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